#ES_F / #NQ_F Trade Plan June 12

Mastering the S&P500 and Nasdaq 100 futures with Barky's Three Level Trade Plans

Table of Contents

1. Previous Day Trade Plan Review;

2. Chart Updates and Trend Status;

3. Updated Trade Plans for $ES_F and $NQ_F for the session ahead;

4. $ES_F Three Level Trade Plan;

5. $NQ_F Three Level Trade Plan;

6. $VIX Chart and Levels;

7. Video Trade Plan - a 15 Minute Trade Plan Explanation;

8. Education and Previous Session Trades Reviewed;

9. Methodology.

Here is everything you need to succeed in today’s market!

Session Review

Markets continue price discovery as inflation data beats and trade deals appear to be in reach. Buyers made another higher high and again sellers stepped into make higher lows. My plan was defensive longs, and with two simple trades I made what I needed for the day.

• ES: 35 points long;

• NQ: 149 points long.

Every day new levels, then the same setup, same concept, same execution. Such is the advantage of a repeatable strategy, a framework for consistent risk management.

Setup charts recapped under education in today’s newsletter.

D1 - Daily chart update

Price is setting up my pullback, but when and how deep is of course unclear. The trend remains up as sellers test D1 EMA9 at the time of this writing.

First targets below are $5967 / $21548 where longs have to set up to initiate the turn.

For ES $5927 is key support with $5868 below, for NQ it is $21548 with $21253 below. That is where price meets D1 EMA21 and D1 EMA50 below.

Jobs data, PPI and 30 year bond auction today.

W1 - Weekly Chart Update

Rejection at the projected supply zones with the weekly candles about to turn red. We saw bag holders exit - finally found supply - and profit taking as that CPI spike blew off the top. The week isn’t over, however, and the setup is still long.

If price seeks D1 EMA50, it will meet W1 EMA9 on the weekly chart for the first higher low since the April 8 reversal (green doodle). If we get there, I want to buy an hourly bullish reversal with conviction at least the first time price hits it.

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When price touches the weekly EMA21, it consistently aligns with the three week EMA9. W3 is highly effective for filtering macro trends.

W3 Chart Update

Sellers discovered - supply zone identified and finally a solid rejection. Rejection means pivot, and pivot means diagonal.

Buyers can afford higher lows above $ES_F $5759 and $NQ_F $20377 without jeopardising the structural uptrend.

For the Coming Session

I explained yesterday that buyer have one last chance to produce higher lows. Today is that key moment. H4 EMA50 Boxes mature, and buyers have to reclaim H4 EMA9 to unlock potential upside.

Plan for today is to wait for H4 EMA9 to reclaim, then look for longs. Short only if get confirmation below the lower box boundary for a clear 4 hourly reversal.

Therefore again today: dips below levels 2 are a buy, acceptance below levels 3 are shorts.

Day traders remember: if we push hard, the setup sequence to look for is always M1 EMA9 Push model, M5 EMA9 Push model, M10 EMA9 Push model, M5 EMA50 Push - sometimes we get all of them in that order, other times we get only one or two of them.

See trade plan charts and video for details, levels and instruction.